東海エレクトロニクス announced that it had revised its full-year ordinary profit forecast for the current fiscal year upward from ¥700 million to ¥1.05 billion and expected to increase its annual dividend from ¥114 to ¥115. It also released its outlook for the second half and the breakdown of the per-share dividend.
東海エレクトロニクス announced its earnings results in the afternoon session on 29 October. Consolidated ordinary profit for the cumulative second quarter of the current fiscal year (fiscal year ending March 2027), covering April–September, was ¥340 million, down 44.5% year on year.
The company revised its full-year consolidated ordinary profit forecast upward from the previous forecast of ¥700 million to ¥1.05 billion, resulting in an 11% increase forecast after the previous outlook had indicated a decline. Based on second-quarter results and the underlying assumptions, consolidated ordinary profit for the October–March period is calculated to increase 2.2-fold year on year to ¥700 million.
The dividend for the current fiscal year was revised upward from the previous plan of ¥114 to ¥115. The year-end dividend is expected to be ¥58.00, bringing the annual dividend to ¥115. In the most recent three-month period, ordinary profit for July–September was ¥150 million, down 9.5% year on year, while the operating profit margin on sales deteriorated to 0.9%.